destructive competition
Competition that forces several producers out of the market. Destructive competition usually occurs when there are so many producers of a product that prices are driven down to the point where no one makes a profit. It can also happen if a single producer is significantly wealthier than other producers and can afford to cut prices drastically until the other producers are driven out of business.
Words Nearby destructive competition
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
How to use destructive competition in a sentence
The incipient American industries were in no position to withstand this destructive competition.
A History of Trade Unionism in the United States | Selig PerlmanTheir function was to counteract destructive competition from "advertisers" and sellers in the "public market" at low prices.
A History of Trade Unionism in the United States | Selig PerlmanBut their ambition and their industry bring the momentous problem of destructive competition.
Races and Immigrants in America | John R. CommonsThe alternative to such agreements was destructive competition, since no two lines were of exactly equal strength.
The New Nation | Frederic L. Paxson
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